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On top of recent news that housing activity is at it’s lowest since WWII comes the latest news about foreclosures all around the USA. This is what those of us watching the mortgage reset schedule have been anticipating, and it could spell unequaled opportunity for the property management business.
The number of U.S. homes lost to [...]

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I tell people repeatedly that I’d rather that they had no Facebook page than seeing a poorly thought out and executed one. Yet, I keep logging on, “liking” pages, and seeing sales pitches. If you go for the direct sale, you’re going to lose. Consider these stats from the video “Socialnomics”.

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We all want to attract good residents to the properties we manage. We can begin attracting quality residents by thinking like a resident thinks. A quality resident wants to live in a property that makes a positive, first impression.

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Can apartment communities increase their fan base AND acquire leads? Absolutely! We can take a page from a few top brands using Facebook today and apply similar techniques to our own marketing strategies. Here are 4 tips for getting leads on Facebook.

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Resident hoarding can cause significant health and safety problems, both in the hoarder’s unit and in neighboring units. Hoarding can create pest infestations, mold problems, increased fire risk, interfere with entrance or exit of the unit, or exceed maximum load bearing floor capacity.

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In the last article, I talked about the importance of properly maintaining a trust account for security deposits and rent payments. The following post contains procedures you may want to implement along with things to avoid at all costs.

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Misuse of trust accounts is the number one reason why property management companies are audited. That’s why it’s vital that the proper trust fund accounts are established as needed, and used properly. d

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Daniel Bornstein, experienced real estate attorney, shares the top 10 property management pitfalls that cost business money and can potentially get them into legal trouble. Complete video after the break.

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Here are four important things every property manager should know about security deposits, rental/lease agreements, lead-based paint and notice requirements for your state.

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If there is one thing that all property managers want it’s an over abundance of qualified potential residents. Many property managers are trying to make it easier for prospective residents to sign that rental agreement. That can be one of those trade-offs that sometimes disappoint your owner-clients and existing residents.

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The typical multi-unit property manager usually has a solid system in place for managing their rentals. But what about the management companies who specialize in single family home rentals? How do their needs vary from the multi-unit property manager?

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New Orleans is a fun city. New Orleans with over 4,000 of your closest multifamily friends – it’s a wonder there wasn’t some sort of ecstatic implosion! This year’s National Apartment Association conference was all around an excellent experience.

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In my last article, Resident Application Approval Process: Key Indicators, I discussed areas to look at when reviewing an applicant’s credit history. What follows is a list of potential red flags.

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Live coverage from the 2010 National Apartment Association Convention in New Orleans!

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We recently held a contest and asked property managers to guess the true cost of processing a monthly rent check. Property managers from all over the U.S. submitted their best guess and were automatically entered into a drawing to win a super cool Flip Video Camera.

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Unless your unlawful detainer case went to trial, you have the option of obtaining a monetary judgment after your tenant vacated the property. There are several compelling reasons to continue the action to obtain a money judgment.

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Not many apartments for rent make national news! And it is true, you probably won’t get the chance to market a property like this: “President Obama lived here and you can too!” It got us to thinking about new ways to help your apartment or house stand out from the crowd.

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Years ago, approving applicants was a relatively simple process. You checked an applicant’s credit report, perhaps called a former landlord, verified employment, and soon you were taking deposits and setting up a move-in date. Like many other things, the rules have changed.

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A lot of communities have open play fields or courtyards integrated into their design, the purpose of which, usually, is to sit there, look pretty, and encourage us to pay landscapers. If you have the resource and you’re paying to maintain it, the least you can do to be responsible to your budget is to find some use for it.

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June is a month with amazing marketing possibilities! With the kids getting out of school, the sun beating down and the days getting as long and bright as possible, how can we expect our traffic and touring numbers to do anything but shoot through the roof this month?

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I was an art student once, and I will tell you straight up that if you want something that will generate traffic, give you something to start conversations with, and will just plain out do those pictures your walls are currently sporting, college aged art students are about to become your best friends. Why? Because they need a venue to show their work.

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You’ve probably worked hard to build up your book of clients and to establish yourself as an irreplaceable property manager. Yet we also know it’s easy to take those relationships for granted. We can convince ourselves that these owners know how lucky they are to have us managing their properties. After all, they probably aren’t shopping around for better management; at least we hope they aren’t?

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The 2010 NARPM Northwest Regional Conference was held at the beautiful Davenport Hotel in Spokane, WA. Here are photos from this year’s event.

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Most of us want to expand our property management business. Very few can afford to do this extravagantly in this belt-tightening economy. No need to be anxious though. I’ve learned from almost 4 decades of experience that little things mean a lot, and little steps can produce big results.

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This is an opportunistic time for property managers throughout the U.S.A. Not only are there growing numbers of potential “residents” looking for homes to rent or lease, but there are record numbers of owners who are not quite satisfied with their current property manager.

I hope that your clients are not one of those dissatisfied owners.

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